Internet computer protocol (ICP) He saw a 24 -hour volatile, rising from $ 5.84 to a higher session of $ 6.08 before succumbing to the sale pressure.
The 5% swing was developed within a negotiation corridor of $ 0.28, which reflects both purchase interests and a rapid profits, according to the technical analysis data model of Cindensk Research.
The early impulse led ICP through multiple resistance points, with the rally reaching a maximum of $ 6.08 around 03:00 UTC on August 14. High volume in these maximum confirmed institutional sales activity, establishing a clear resistance zone between $ 6.06 and $ 6.08. On the negative side, the support was developed in the range of $ 5.87– $ 5.90, where buyers constantly intervened to absorb the supply.
ICP volatility was subsequently compressed. The Token quoted in a narrow band of $ 0.04 between $ 5.88 and $ 5.92 from 09:25 to 10:24 UTC, indicating a consolidation phase as reevaluated merchants positions.
The feeling of the market had been shaken by a high -profile security incident on the Memecoin platform based in Bitcoin Odin.fun, which suspended trade after losing 58.2 BTC in a suspicious exparcence. The violation, which triggered a collapse of 40% in the value of Odindog, scrutiny on the internet computer security frame, particularly its authentication system of “login with bitcoin”.
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